FIIs infuse over ₹870 crore in cash markets despite high US bond yields, DIIs net buyers in February; What lies ahead?
₹23.51 crore. while DIIs were buyers for three out of five sessions, with a total investment of ₹8,268 crore, according to stock exchange data. On a monthly basis, FIIs have infused over ₹870 crore in cash markets despite high US bond yields.
Also Read: Nifty 50, Sensex gain over 1% each: Why Indian stock market is rising today — explained with 5 reasons As per the NSE data, FIIs cumulatively bought ₹15,712.62 crore of Indian equities, while they sold ₹15,583.68 crore --- resulting in an inflow of ₹128.94 crore on Friday, March 1. Meanwhile, DIIs invested ₹11,987.98 crore and offloaded ₹8,173.45 crore, registering an inflow of ₹3,814.53 crore. Market expects noted that FIIs have sharply reduced their selling this month and have turned buyers to the tune of ₹872 crore in the cash market, so far (till February 27) despite the high US bond yields.
‘’This indicates that FIIs are unlikely to press big selling pulling the market sharply down. Because of this favourable market construct, dips are getting bought, aided by sustained flows into the market,'' said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
In US Treasuries, the yield on benchmark US 10-year notes fell 0.6 basis points to 4.268 per cent, from 4.274 per cent late on Wednesday while the 30-year bond yield fell 2.2 basis points to 4.3884 per cent, according to news agency Reuters. The two-year note yield, which typically moves in step with interest rate expectations, was roughly flat at 4.6477 per cent compared with 4.648 per cent late Wednesday. Domestic equity benchmark indices, the Sensex and Nifty 50, finished Friday's trading session higher for the third consecutive session due to positive global cues, strong GDP figures, and a
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